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CNN Early Start With Christine Romans June 4, 2024 10:46:00

Year they are still higher, up 10%. so we re seeing a deceleration in prices but still a market that is pretty resilient. good morning, christine. nice to see you. i think we re starting to see that supply is starting to outweigh demand and prices need to adjust a little bit. sellers have not really come down to earth yet. you know, i just think it takes time for that sort of recapitulation. i think when the market is working its best is when supply and demand are intersecting. we don t have that right now. people are still sort of stuck in what was last year, which was a crazy year. it was the best year of real estate history for most people and so now we re readjusting, recalibrating and buyers are sort of on the sidelines saying, should i wait to see what s going to happen with rates, inflation? are we going to enter a recession? that s something economists are sort of weighing in on. the housing market is moving, changing. it s not doom and gloom. ....

Down To Earth , Real Estate , Housing Market , Doom And Gloom ,